43% of Americans Worry About Doing This in Retirement

Retiring is a scary concept for one big reason: It's hard to predict your costs ahead of time. Sure, you can set up a retirement budget and make certain assumptions about your spending in the course of your planning, but ultimately, you may not be able to predict today what you'll spend 10 or 20 years from now. It's not surprising, then, to learn that 43% of Americans worry about paying medical bills during retirement, according to the May 2020 Simplywise Retirement Confidence Index.